The Traderszone Network

Published in TZ Latest News 22 March, 2017 by The TZ Newswire Staff

Existing Home Sales Tumble As NAR Warns Prices Becoming Increasingly Unaffordable

After starting the year at the fastest pace in almost a decade, existing-home sales slid in February some 3.7%, below the 2.0% drop expected, as 5.48 million existing houses were sold last month which was marked by a paradoxe: on one hand, NAR reported that the median existing-home price in February was $228,400, up 7.7% from February 2016 and was the fastest increase since last January (8.1 percent).

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